Latent Defects Insurance, sometimes referred to as LDI, is a type of insurance that provides cover for the cost of remedying and rectifying damage arising from faults in design, construction, installation, workmanship, materials and overall supervision.
Latent Defects Insurance is suitable for developers, property owners, contractors and private finance initiatives and can also be purchased for completed renovation projects. It’s first party cover, which means there’s no reliance on suing any professional before receiving a pay-out. And, if you are building residential property, The Council of Mortgage Lenders now insists on a 10-year Latent Defects policy before lending any money on newly built residential properties.
- What’s typically covered?
- Structural Defects
- Ingress of water
- Subsidence landslip or heave
- The threat of imminent collapse requiring remedial works
"Miles Smith staff are friendly, extremely approachable, responsive and very much work with us, allowing us to get on with the day-to-day running and growth of our business"
Group Finance Director
Miles Smith were asked to address a concern from an existing Private Ambulance client worried about the temporary cost of hiring replacement vehicles following an insured event at their Ambulance depot.Read more
Terrorism is now a very real and meaningful threat to many businesses....Read more
Personal Accident and Travel
Personal Accident and Travel is designed to protect the businesses directors, partners...Read more
Material Damage and Business Interruption
At Miles Smith we are constantly evolving our insurance offering to meet...Read more
A cyber policy is designed to provide support and protect your business...Read more
The impact of fraud can be wide-ranging. Crime cover helps protect you...Read more
Contractors All Risks
Contractors All Risks cover protects employers and contractors against your responsibility for...Read more
Contract Works is designed for builders and tradesmen and provides cover for...Read more
Contents and Stock
If there was an incident at your business premises and you lose...Read more
Does my trade fit within Miles Smith's appetite?
Please call us to discuss your specific needs and we will be happy to assist.
How do I travel to Miles Smith's London office?
The nearest tube station to our London office is Tower Hill, which is on the District and Circle lines. Our office is within walking distance of Liverpool Street Station, Cannon Street Station, London Bridge Station and Fenchurch Street Station. You can also travel on the DLR to Tower Gateway.